The US trade deficit widened in February

The US Department of Commerce announced foreign trade data for February.

Thus, the country’s foreign trade deficit increased 2.7 percent in February compared to the previous month and reached 70.5 billion dollars. The trade deficit, which increased slightly above market expectations, was expected to be $69 billion in this period.

The foreign trade deficit, which reached its highest level in four months in February, was registered at 68.7 billion dollars in January.

The country’s exports declined 2.7 percent to $251.2 billion in February, while imports declined 1.5 percent to $321.7 billion.

THE TRADE DEFICIT WITH CHINA INCREASES

The US foreign trade deficit with China increased to $25.2 billion in this period. While the country’s foreign trade surplus with the United Kingdom declined to $500 million, it rose to $2.5 billion with Hong Kong.

Among the other trading partners with which the US had a deficit in said period, the European Union (18.1 billion dollars), Mexico (12 billion dollars), Vietnam (8.1 billion dollars), Germany (7.9 billion dollars ), Japan (5.7 billion dollars). billion), Canada ($5.6 billion), Taiwan ($4.7 billion), South Korea ($4.5 billion), Ireland ($3.7 billion), India ($3.7 billion), Italy ($3.4 billion), Malaysia ($2.8 billion), Switzerland ($1.7 billion), Saudi Arabia ($700 million), Israel ($600 million), and France ($600 million).

The countries with which the country has a trade surplus are South and Central America (4.7 billion dollars), the Netherlands (1.8 billion dollars), Belgium (1.6 billion dollars), Australia (1.5 billion dollars), Brazil (0.900 millions of dollars). billion dollars) and Singapore (0.2 billion dollars). (AA)